Foreign Policy Watch: India-Middle East

India-UAE agreement for $75 billion investment in NIIF gets clearance


  1. News: Cabinet has given its ex-post facto approval for a MoU between India and the UAE
  2. Context: MoU was signed in February during Prime Minister Narendra Modi’s visit to UAE
  3. Objective: To mobilise up to $75 billion long-term investment in the National Investment and Infrastructure Fund (NIIF)
  4. Will help establish a transparent and high-level framework and collaboration platform
  5. Under which countries intend to explore ways to facilitate and expand the participation of UAE’s investment institutions in appropriate infra projects in India

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